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Why Warren Buffett Stock Nu Holdings Was Cruising Higher on Monday
After publishing its latest set of quarterly earnings Tuesday post-market close, Nu Holdings (NYSE: NU) was a popular title on the stock exchange. The Brazil-based fintech's shares ticked higher Wednesday, closing with a nearly 3% gain. That made the stock look good, considering that the S&P 500 (SNPINDEX: ^GSPC) only inched up by 0.1%.In its first quarter of this year, Nu Holdings' revenue came in at nearly $3.25 billion, well up from the $2.74 billion it collected in the same period of 2024. Net income under generally accepted accounting principles (GAAP) standards also saw a healthy rise, advancing to over $557 million ($0.12 per share) from the year-ago profit of just under $379 million. Image source: Getty Images.Continue reading
After publishing its latest set of quarterly earnings Tuesday post-market close, Nu Holdings (NYSE: NU) was a popular title on the stock exchange. The Brazil-based fintech's shares ticked higher Wednesday, closing with a nearly 3% gain. That made the stock look good, considering that the S&P 500 (SNPINDEX: ^GSPC) only inched up by 0.1%.
In its first quarter of this year, Nu Holdings' revenue came in at nearly $3.25 billion, well up from the $2.74 billion it collected in the same period of 2024. Net income under generally accepted accounting principles (GAAP) standards also saw a healthy rise, advancing to over $557 million ($0.12 per share) from the year-ago profit of just under $379 million.
Image source: Getty Images.
